on face the nation, ears senator jon kyl said that would satisfy the republican aim of offsetting any increase in the debt ceiling with equal or greater cuts in spending. >> if we can reduce spending by a trillion dollars, then we extend the debt ceiling a trillion dollars worth and that would take it at least through the end of this year. >> but the president warned on friday he would veto that approach. president obama called for an increase in the debt ceiling. >> we have to extend this debt ceiling through the next election, into 2013. >> treasury secretary time geithner argued today that anything less would inject too muchen certainty into a weak dme. >> we can't adopt a approach that leaves the threat of deal hanging over the country. that would be deeply irresponsible to do. >> both sides blame the other for dragging the economy to the brink over of all things raising the debt ceiling, a typically uneventful affair congress has successful carried out more than 70 times. >> i would just say to to speaker boehner the president negotiated directly with you in good faith twice and